#1
What is the primary role of an agent in the context of agency law?
To make decisions on behalf of the principal
ExplanationAgent acts on behalf of the principal.
#2
What distinguishes a general agent from a special agent in agency relationships?
General agents have broader authority than special agents
ExplanationGeneral agents have wider authority scope.
#3
What is the doctrine of 'unauthorized acts' in agency law?
Acts performed by an agent without any authority
ExplanationUnauthorized acts are actions without authority.
#4
In agency law, what is the term for the authority that is expressly given by the principal to the agent?
Express authority
ExplanationExpress authority is explicitly given by the principal.
#5
What is the significance of the agent's duty of loyalty in agency relationships?
To act in the best interests of the principal
ExplanationAgent's duty of loyalty: act in principal's best interests.
#6
Which of the following is a key element of agency by estoppel?
Apparent authority
ExplanationAgency by estoppel involves apparent authority.
#7
What is the significance of the 'scope of authority' in agency relationships?
It determines the range of actions the agent is authorized to take
ExplanationScope of authority defines authorized actions.
#8
Which of the following is a common duty of an agent towards the principal?
To act in the best interests of the principal
ExplanationAgent duty is to act in principal's best interests.
#9
What is the concept of 'vicarious liability' in agency law?
Liability imposed on the principal for the agent's wrongful acts
ExplanationPrincipal is liable for agent's wrongful acts.
#10
Which type of authority arises when a principal leads a third party to believe that an agent has authority, even if it's not explicitly granted?
Apparent authority
ExplanationApparent authority arises from the principal's conduct.
#11
In agency law, what is the term for the termination of an agent's authority by the principal?
Revocation
ExplanationRevocation ends the agent's authority.
#12
Which doctrine holds a principal liable for the acts of an agent, even if the agent exceeds their authority?
Doctrine of Respondeat Superior
ExplanationRespondeat Superior holds principal liable for agent's acts.
#13
In agency relationships, what is the term for an agent's authority to do things that are reasonably necessary to accomplish the authorized acts?
Implied authority
ExplanationImplied authority allows reasonable necessary actions.
#14
Under what circumstances can an agency relationship be terminated by operation of law?
Death or incapacity of the principal or agent
ExplanationTermination by operation of law: death or incapacity.
#15
What is the role of consideration in the creation of agency relationships?
It is necessary for the creation of agency relationships in certain cases
ExplanationConsideration is required for agency creation in some cases.